Treasury Laws Amendment (2020 Measures No. 6) Act 2020 (141 of 2020)

Schedule 2   Amendments of the consumer data right

Part 2   Later amendments

Competition and Consumer Act 2010

31   Section 56AE

Repeal the section, substitute:

56AE Secretary must arrange for analysis, consultation and report about an instrument proposing to designate a sector

(1) The Secretary of the Department complies with this section in relation to the making of an instrument under subsection 56AC(2) if the Secretary arranges for all of the following:

(a) an analysis of the matters in paragraphs 56AD(1)(a) to (e) in relation to the instrument;

(b) public consultation about those matters in relation to the instrument:

(i) for at least 28 days; and

(ii) in one or more ways that includes making information available on the Department's website and inviting the public to comment;

(c) consultation with each of the following about those matters in relation to the instrument:

(i) the Commission;

(ii) the Information Commissioner;

(iii) the person or body (if any) that the Secretary believes to be the primary regulator of the sector that the instrument would designate;

(iv) any person or body prescribed by the regulations;

(d) the preparation of a report for the Minister about that analysis and consultation.

(2) The Secretary must publish the report on the Department's website.

56AEA Commission must analyse an instrument proposing to designate a sector

When the Commission is consulted under subparagraph 56AE(1)(c)(i), the Commission must analyse the matters in paragraphs 56AD(1)(a) to (e) in relation to the instrument.